Exxon makes money—a record $59 billion this past year—by selling you stuff that you burn so then you have to buy some more.
On this episode, petroleum geologist Arthur Berman returns to discuss recent diesel shortages and go into depth on the importance of diesel and the complexity of getting it and other products from a barrel of crude oil.
Today I want to take a deep look at the global biofuels picture, drawing mainly from the Renewables 2014 Global Status Report (GSR) that was released in June by REN21, the Renewable Energy Policy Network for the 21st Century.
Haven’t we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years? The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct.
Mark Twain once said, "It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so." And, there are many, many things that the public and policymakers know for sure about energy that just ain’t so.